"Spring Festival Gala Robot" concept stocks rise against the market trend, UBTECH ROBOTICS and HESAI-W each up 7%, DOBOT surges nearly 20%

Today (the 20th) is the first trading day of the Hong Kong stock market after the Year of the Horse Spring Festival holiday. This morning, the market opened down 48 points, and the decline expanded during the early session, dropping as much as 348 points to a low of 26,356 points. It is currently reported at 26,461 points, down 244 points or about 0.9%, with a turnover of HKD 71.82 billion. The mainland A-shares are closed for the Spring Festival holiday and will resume trading next Tuesday (the 24th).

On the 29th of the lunar month (the 16th), the Spring Festival Gala featured performances by robots from four technology companies, attracting attention both domestically and internationally. This includes the martial arts performance by Yushu Technology's robot, which has appeared at the gala for the third time, showcasing high-difficulty moves such as dual-wielding nunchaku and drunken boxing. Robots from DOBOT (02432.HK), Songyan Power, Magic Atom, and Galaxy General also participated. The gala director expressed hope that viewers would see the "three-dimensional development status" of the entire Chinese robotics industry. After the program aired, the search volume for robots on the JD-SW (09618.HK) platform increased by over 300%, with order volume rising by 150%. New orders cover more than 100 cities nationwide.

Hong Kong-listed robotics-related stocks performed well against the market trend, with UBTECH ROBOTICS (09880.HK) rising as much as 13.3% to a high of HKD 156.4, currently reported at HKD 147.8, up 7.1%, with a turnover of HKD 752 million. DOBOT reached a high of HKD 48.88, currently reported at HKD 47.6, up 19.3%, with a turnover of HKD 259 million.

Logistics robotics stock Geekplus-W (02590.HK) is currently reported at HKD 27.2, up 4.62%, with a turnover of HKD 94.5419 million.

The two humanoid robots from Yushu at the Spring Festival Gala are both equipped with HESAI JT128 laser radars. HESAI-W (02525.HK) is currently reported at HKD 217, up 7.53%, with a turnover of HKD 131 million.

Suteng Juchuang (02498.HK) is currently reported at HKD 37.92, up 10.23%, with a turnover of HKD 161 million. Sanhua Intelligent Control (02050.HK) is currently reported at HKD 37.62, up 5.91%, with a turnover of HKD 346 million.

XPeng-W (09868.HK), which has exposure to robotics business, fell 2.3% along with the market, currently reported at HKD 68.05, with a turnover of HKD 79.6494 million. GAC (02238.HK), also with exposure to robotics business, is currently reported at HKD 3.81, down 0.52%, with a turnover of HKD 5.3988 million